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Modern human relations at work
In: The Harcourt series in management
Administrative policy: text and cases in strategic management
In: The Wiley series in management
A conversation with Michael E. Porter: A "Significant Extension" toward operational improvement and positioning
In: Organizational dynamics: a quarterly review of organizational behavior for professional managers, Band 28, Heft 1, S. 24-33
ISSN: 0090-2616
Ultimate rewards: What really motivates people to achieve
In: Organizational dynamics: a quarterly review of organizational behavior for professional managers, Band 26, Heft 3, S. 75-76
ISSN: 0090-2616
On the frontiers of management
In: Organizational dynamics: a quarterly review of organizational behavior for professional managers, Band 26, Heft 3, S. 76-77
ISSN: 0090-2616
A conversation with Donald F. Hastings of the Lincoln Electric Company
In: Organizational dynamics: a quarterly review of organizational behavior for professional managers, Band 25, Heft 3, S. 68-74
ISSN: 0090-2616
Discussing Incentive Compensation with Donald Hastings of Lincoln Electric
In: Compensation and benefits review, Band 29, Heft 5, S. 60-66
ISSN: 1552-3837
Today, Lincoln Electric's line of manufactured arc welding products accounts for around 85% of the company's $1.2 billion in annual sales. Not with-standing the company's impressive success, it is best known for its outstanding productivity incentive program. Lincoln Electric's unique beliefs about the workplace are largely responsible for highly prized jobs, high wages, high productivity, a high level of trust between employees and management, and a very low turnover rate. Lincoln Electric's compensation package for factory workers consists of a piecework system for base wages and a year-end bonus. In Richard M. Hodgetts' interview, Donald Hastings, recently retired chairman of Lincoln Electric, discusses the company's compensation philosophy in depth. In order to maintain the company's foundation beliefs, he states that the "entire system is designed around the philosophy that if people are given the opportunity to succeed, they'll take it." In addition, he addresses Lincoln Electric's continual challenge to maintain its core beliefs while adapting to meet changing business needs.
Inside the Kaisha: Demystifying Japanese business behavior
In: Organizational dynamics: a quarterly review of organizational behavior for professional managers, Band 26, Heft 2, S. 73-74
ISSN: 0090-2616